Advanced Drainage Systems (NYSE:WMS) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

Advanced Drainage Systems, Inc. (NYSE:WMS – Get Free Report)’s share price crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $130.97 and traded as high as $136.85. Advanced Drainage Systems shares last traded at $136.76, with a volume of 610,076 shares traded.

Wall Street Analysts Forecast Growth

WMS has been the topic of several analyst reports. National Bank Financial set a $190.00 target price on shares of Advanced Drainage Systems in a report on Monday, August 24th. Stephens reiterated an “overweight” rating and set a $175.00 price target on shares of Advanced Drainage Systems in a report on Monday, September 21st. Oppenheimer lowered their price target on shares of Advanced Drainage Systems from $190.00 to $185.00 and set an “outperform” rating for the company in a report on Friday, October 9th. Zacks Research raised shares of Advanced Drainage Systems from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Royal Bank Of Canada reduced their price objective on shares of Advanced Drainage Systems from $178.00 to $170.00 and set an “outperform” rating on the stock in a report on Wednesday, October 14th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $187.40.

View Our Latest Stock Analysis on WMS

Advanced Drainage Systems Price Performance

The company’s 50-day moving average is $130.97 and its 200-day moving average is $143.81. The firm has a market capitalization of $10.31 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 1.49 and a beta of 1.29. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.12 and a quick ratio of 1.18.

Advanced Drainage Systems (NYSE:WMS – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The construction company reported $2.49 EPS for the quarter, beating the consensus estimate of $2.10 by $0.39. Advanced Drainage Systems had a net margin of 14.00% and a return on equity of 28.28%. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $991.39 million. During the same quarter last year, the firm posted $1.95 earnings per share. Advanced Drainage Systems’s revenue for the quarter was up 20.6% compared to the same quarter last year. On average, research analysts expect that Advanced Drainage Systems, Inc. will post 6.57 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.6%. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 13.82%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Advanced Drainage Systems in the 2nd quarter worth about $3,297,000. BlackRock Inc. acquired a new stake in shares of Advanced Drainage Systems in the 2nd quarter valued at about $1,172,482,000. Cibc World Market Inc. acquired a new stake in shares of Advanced Drainage Systems in the 2nd quarter valued at about $1,278,000. Weiss Asset Management LP bought a new position in shares of Advanced Drainage Systems during the first quarter worth about $5,170,000. Finally, Amundi lifted its position in shares of Advanced Drainage Systems by 5.1% during the second quarter. Amundi now owns 1,354,610 shares of the construction company’s stock worth $212,681,000 after purchasing an additional 65,938 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

About Advanced Drainage Systems

(Get Free Report)

Advanced Drainage Systems, Inc (NYSE: WMS) is a manufacturer of water management products and solutions. The company produces thermoplastic corrugated pipe, fittings, drainage structures, stormwater chambers and related products used to manage the collection, conveyance, storage and treatment of water.

Its products serve a range of markets, including residential, commercial, agricultural, infrastructure and environmental applications. Advanced Drainage Systems supplies solutions for stormwater management, septic and wastewater systems, highway and road construction, land development, agriculture and erosion control.

Founded in 1966 and headquartered in Hilliard, Ohio, the company serves customers through a manufacturing and distribution network primarily covering the United States and Canada, with additional international operations.

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